Word: downturning
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...matter what is said about what the nation will have to bear or suffer during the recession, it will not admit what the cognoscenti already know. The chances that the downturn will be over in a year are tiny. The odds that it will be over in two years are starting...
...depends on how severe the economic downturn is and whether or not that discourages students from applying especially from modest economic backgrounds,” Fitzsimmons said in a phone interview. “The question too is whether or not conditions in public schools across the country deteriorate because of continued budget cuts at state and local levels that could have a negative effect on students as they come through the pipeline. That will have an effect on whether students feel ready to apply and whether they even graduate...
...third of Taiwanese companies are ordering employees to take unpaid leave as the global economic downturn worsens, according to a recent survey by Yes123, a Taiwanese employment website. Especially hard-hit is the Hsinchu Science and Industrial Park, Taiwan's version of Silicon Valley, where more than 90% of the world's notebook computers, motherboards and cable modems, to name a few leading products, are made. It's also where most U.S. companies turn to subcontract manufacturing of their high-tech goods. (See the worst business deals...
...Going back several months, surveys of experts often reported that they did not think the U.S. economy would slip into a downturn until late 2008 and would begin to recover at the middle of this year. Data which has emerged in the last few weeks shows that America's GDP growth hit a wall much earlier last year. The consensus among economists now is that any recovery will begin late this year. More and more experts are beginning to push the date for any improvement well into...
...British economists and the results of the American poll are both right. Fast action was as critical to saving the economy as the nature of the action. Patience will be necessary because the downturn is almost certainly going to be remarkably long and hard...